Filled at $.86 on ROKU 2 NOV 54/52 Bull Put Spread while underlying was $53.91
Roku Inc (ROKU) is below fair value and there is potentially more upside ahead in this stock. Let’s initiate a Bull Put Spread.
Ticker Symbol: ROKU
Expiration: November 2, 2018
Initiate Bull Put Spread
Sell to Open the 54 Put
Buy to Open the 52 Put
Look for a CREDIT of between $.78 and $.85 or higher TODAY ONLY (midprice is currently trading at $.83 right now).
The key to today’s trading will be how we do after the first hour or so in the morning.